All 2 Debates between Jeremy Quin and Mel Stride

Stamp Duty Land Tax

Debate between Jeremy Quin and Mel Stride
Thursday 26th April 2018

(5 years, 11 months ago)

Commons Chamber
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Mel Stride Portrait Mel Stride
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The hon. Gentleman raises an important point: there is little point in land that has planning consent if properties are not swiftly built on it. My right hon. Friend the Member for West Dorset (Sir Oliver Letwin) is conducting a review of exactly that matter, and we will come to the House in due course with our proposals.

Jeremy Quin Portrait Jeremy Quin (Horsham) (Con)
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Horsham has very high house price multiples, and I welcome the Government’s efforts to help first-time buyers with that vital first step on the ladder. I also welcome the impact of that policy from a macroeconomic perspective. The Financial Policy Committee at the Bank of England has talked about broadening home ownership as a way of encouraging and improving financial stability. That should have an important impact, which I also welcome.

Mel Stride Portrait Mel Stride
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I thank my hon. Friend for his kind words. As well as the many advantages and benefits of home ownership for individuals, society and the economy, his point about financial stability is right and another reason why the Government are determined to make progress.

Oral Answers to Questions

Debate between Jeremy Quin and Mel Stride
Tuesday 18th July 2017

(6 years, 8 months ago)

Commons Chamber
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Mel Stride Portrait The Financial Secretary to the Treasury (Mel Stride)
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Since 2010 the headline corporation tax rate has been cut from 28% to 19%. Despite that, onshore corporation tax receipts have increased by more than 50%, from £36.2 billion in 2010-11 to £55.1 billion in 2016-17.

Jeremy Quin Portrait Jeremy Quin
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According to KPMG, we have the second-most competitive tax regime anywhere in the G7. Does my hon. Friend agree that that encourages businesses to locate here and boosts our tax receipts?

Mel Stride Portrait Mel Stride
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My hon. Friend is entirely right. The OECD has made it very clear that corporation tax increases are the most harmful tax increases for economic growth. By keeping business taxes down, in 2015-16 we saw a record number of inward investment projects creating more than 1,600 jobs per week.